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Press Releases

Date	Title
4/27/98	Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.40 per share.
4/24/98	Vornado announced that Merrill Lynch, Pierce, Fenner & Smith, Inc. agreed to purchase 1,132,420 common shares from Vornado to be deposited in a Unit Investment Trust.
4/20/98	Vornado increased its interest from 5.6% to approximately 50% in 570 Lexington Avenue.
4/9/98	Vornado completed a public offering of 10,000,000 Common Shares.
4/2/98	Vornado acquired the Merchandise Mart and other properties from the Kennedy Family.
3/26/98	Vornado entered into an agreement to increase its interestin the Hotel Pennsylvania from 40% to as much as 80%.
3/13/98	Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
3/12/98	Vornado's operating results for the year ended December 31, 1997.
3/9/98	Vornado acquired 150 East 58th Street, a 39 story Manhattan office building.
2/23/98	Vornado increased its existing unsecured revolving credit facility to $1 billion.